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Estimated 71 Billion Barrels...
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Aguytrying
#181 Posted : Monday, May 07, 2012 5:55:41 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Kenya has struck more oil in Turkana and surpassed the oil reserve in Uganda, Tullow Oil Plc, which is operating the block has announced. Haya basi, habari ndiyo hiyo...

http://www.businessdaily...8/-/t7xllu/-/index.html

Quote:
"This ongoing wildcat is an excellent start to our exploration campaign. The net pay encountered so far in Ngamia-1 is more than double that encountered in any of our East African exploration wells to date. We now look forward to the drilling and evaluation of the deeper potential of this well and the acceleration of our seismic and drilling campaigns in the region, " said Angus McCoss, Exploration Director at Tullow Oil Plc.

The company announced that the Ngamia-1 exploration well has now been drilled to an intermediate depth of 1,515 metres and the total net oil pay encountered so far has increased to an excess of 100 metres across multiple reservoir zones.


I'm being tempted to get into NSE at this rate, global econ eurozone risk fundies and CBK tight rates be damned...


I have no otherwise but to play this from the nse.
I have a feeling by the time tullow is done exploring in Kenya. ALOT of oil will be discovered. this is only a tip of the iceberg
The investor's chief problem - and even his worst enemy - is likely to be himself
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Metasploit
#182 Posted : Monday, May 07, 2012 6:10:06 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
http://www.stockhouse.co...-on-Kenya-oil-discovery

AOC stock up by 400%.

Lucky were they!
But i can help drawing the parallel between the NSE and global oil prices.if only the govt deals wisely,NSE will pay handsomely in less than 10 years






“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Mainat
#183 Posted : Monday, May 07, 2012 7:11:57 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Thank you God. The Ka-thing was at $8.47 on the intraday. $12 doesn't look such fairytale.
Sehemu ndio nyumba
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hisah
#184 Posted : Wednesday, May 09, 2012 1:53:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Just to put things into perspective about East Africa oil prospects and why it feels like it is in slow mo...

https://www.youtube.com/watch?v=t_BxETzt6r0

Quote:
A worldwide rig shortage is delaying oil drilling in east Africa, which is slowing growth and pushing up costs in one of the industry's hottest new exploration areas, industry players and officials said.


http://www.namibian.com....elayed-by-rig-shortage/ --> This as reported by a Namibian press... @deal - are you the reporter smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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a4architect.com
#185 Posted : Wednesday, May 09, 2012 4:27:22 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Its time Kenya's Ministry of Energy discover Alibaba.com and other Chinese merchants..

See the thousands of oil rigs here for sale

http://www.alibaba.com/s...m/oil-drilling-rig.html

http://www.alibaba.com/s...e-oil-drilling-rig.html
Turkana oil is at 2,000m. This 4000m monster from China can do the job well..

http://www.alibaba.com/p...lling_rig_ZJ40.html?s=p

Quote:
Quick Details
Place of Origin: Shaanxi China (Mainland) Brand Name: Ziband Model Number: 1000HP
Usage: Oil Well Type: Rotary Drilling Rig Condition: New
Rated input power of draw works: 735Kw(1000Hp) Max hook load: 2250kN Nominal drilling depth: 2500-4000m/2000-3200m(1...
Electric transmission mode: AC-VFD-AC All digit...
Specifications

1). Nominal drilling depth (4 1/2" DP):13000ft (4000m)
2). Max. hook load:2250Kn
3). Drawworks rated power:735Kw(1000Hp)

1000HP Land Oil Drilling Rig ZJ40/2250LDB

conformity with API Spec 4F, 7K, 8C Specifications.
As Iron Sharpens Iron, So one Man Sharpens Another.
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  | | Edit by user: Wednesday, May 09, 2012 4:32 PM | Reason: Not specified
hisah
#186 Posted : Wednesday, May 09, 2012 5:00:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Kenya and Japan state firms join to survey for oil...

http://www.businessdaily.../-/14fgr6g/-/index.html

And so the game continues...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#187 Posted : Wednesday, May 09, 2012 5:08:05 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah, there was a time you posted a link here about a new Kenyan online transaction processing system company. I can't seem to trace it though. Might you perhaps remember?

GOD BLESS YOUR LIFE
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hisah
#188 Posted : Wednesday, May 09, 2012 5:11:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah, there was a time you posted a link here about a new Kenyan online transaction processing system company. I can't seem to trace it though. Might you perhaps remember?

I post a lot of stuff smile

Maybe this one - https://epay-kenya.com/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#189 Posted : Wednesday, May 09, 2012 6:12:25 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Kenya and Japan state firms join to survey for oil...

http://www.businessdaily.../-/14fgr6g/-/index.html

And so the game continues...


NOCK should be thinking of transforming itself to what is Saudis ARAMCO
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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youcan'tstopusnow
#190 Posted : Wednesday, May 09, 2012 9:10:15 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
youcan'tstopusnow wrote:
hisah, there was a time you posted a link here about a new Kenyan online transaction processing system company. I can't seem to trace it though. Might you perhaps remember?

I post a lot of stuff smile

Maybe this one - https://epay-kenya.com/

Hahaha! You surely do! Thanks for the linksmile
GOD BLESS YOUR LIFE
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